South Australian Financing Authority

In reply to Mr COWDREY (Colton) (20 June 2024). (Estimates Committee B)

The Hon. S.C. MULLIGHAN (Lee—Treasurer, Minister for Defence and Space Industries): I have been advised:

The estimated dividend result for FY 2023-24 of $110.1 million includes a true-up dividend payment of $62.1 million from FY 2022-23.

The true-up dividend of $62.1 million from FY 2022-23 comprises of $42.6 million from SAFA's treasury operations and $19.5 million from SAFA's fleet operations.

The $42.6 million from SAFA's treasury operations primarily resulted from favourable market value movements in its liquidity portfolio and valuation increments in several investments made by the SA Venture Capital Fund.